Market Overview:
The global PMMA light guide plate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for PMMA light guide plates in televisions. In terms of type, the incident light from both sides segment is expected to hold the largest share of the global PMMA light guide plate market during the forecast period. This can be attributed to its high transparency and low haze values, which make it suitable for use in backlight units (BLUs) for televisions. In terms of application, the 50-80 inch TV segment is expected to hold the largest share of the global PMMA light guide plate market duringthe forecast period.
Product Definition:
Polymethyl methacrylate (PMMA) light guide plate is a transparent or translucent flat panel that is used to distribute and control the direction of light. It can be made from either a single sheet of PMMA or multiple sheets that are laminated together. The importance of PMMA light guide plates lies in their ability to evenly distribute and focus light, which makes them ideal for use in back-lit displays, illuminated signs, and other lighting applications.
Incident Light from both Sides:
Incident light is the light that is cast on the subject from both sides, unlike reflector or source lights which are cast only from one side. incident light can be used for various applications such as product shots in advertisements, photography of objects etc. It also has a great application in PMMA Light Guide Plate market as it helps to get better contrast and saturation between images and objects.
It’s important to use incident lighting at proper angles so that highlight.
Incident Light from One Side:
Incident light is the light that is emitted from one side of the LED and it's used to illuminate an object. It has a wide range of applications in various industries such as automotive, construction, manufacturing, etc. The incident light from one side can be utilized for lighting up an entire room or can be directed towards specific objects to highlight their features.
Application Insights:
The 30-50 inch TV application segment led the global PMMA light guide plate market in 2017. The growth of this segment is attributed to increasing use of these products for manufacturing flat-panel TVs. In addition, rising demand for smart TVs is also expected to have a positive impact on the growth over the forecast period.
PMMA light guides are used in various other end-use industries including LED lighting, LCD/LED monitors and projectors, digital Signage Systems (DSS), and surveillance systems among others. Rising adoption of advanced technologies such as OLED and 4K UHD displays is expected to drive product demand from 2018 to 2030 in DSS applications owing to high brightness ratio offered by these displays which require super bright lights source for projecting images properly onto screens thus creating a better experience for viewers.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for flat panel display devices, rising disposable income, and growing penetration of digitalization in various sectors such as education, corporate, healthcare etc. Moreover, rising adoption of LED lighting is also anticipated to propel industry growth over the next eight years.
The Latin American regional market is expected to witness significant growth owing to increasing awareness regarding advanced technologies such as OLEDs/PMOLEDs among consumers especially in Brazil and Mexico. Furthermore, growing penetration of smart TVs coupled with high internet usage has created a huge opportunity for light guide plates in this region which will further boost industry expansion over the forecast period.
Europe accounted for more than 20% share of global revenue due to early adoption by several major manufacturers including Samsung Electronics Co., Ltd., LG Electronics Inc.
Growth Factors:
- Increasing demand for PMMA light guide plates in the automotive industry for headlamps and taillights
- Rising demand from the signage and lighting industries for backlighting, edge lighting, and channel letters
- Growing popularity of PMMA light guide plates in LCD displays and smartphones
- Increasing use of PMMA light guide plates in medical devices and optical instruments
- Technological advancements that improve the performance of PMMA light guide plates
Scope Of The Report
Report Attributes
Report Details
Report Title
PMMA Light Guide Plate Market Research Report
By Type
Incident Light from both Sides, Incident Light from One Side
By Application
<30 Inch TV, 30-50 Inch TV, 50-80 Inch TV, >80 Inch TV
By Companies
Chimei Corporation, Darwin, Mitsubishi Chemical Holdings, Fengsheng Opto-electronics, Yongtek, Sumitomo, Asahi Kasei, Kuraray
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global PMMA Light Guide Plate Market Report Segments:
The global PMMA Light Guide Plate market is segmented on the basis of:
Types
Incident Light from both Sides, Incident Light from One Side
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
<30 Inch TV, 30-50 Inch TV, 50-80 Inch TV, >80 Inch TV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chimei Corporation
- Darwin
- Mitsubishi Chemical Holdings
- Fengsheng Opto-electronics
- Yongtek
- Sumitomo
- Asahi Kasei
- Kuraray
Highlights of The PMMA Light Guide Plate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Incident Light from both Sides
- Incident Light from One Side
- By Application:
- <30 Inch TV
- 30-50 Inch TV
- 50-80 Inch TV
- >80 Inch TV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PMMA Light Guide Plate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PMMA light guide plate is a transparent material that is used to direct light in a specific direction. This type of plate can be used to create an evenly lit area or to help illuminate a specific object.
Some of the major companies in the pmma light guide plate market are Chimei Corporation, Darwin, Mitsubishi Chemical Holdings, Fengsheng Opto-electronics, Yongtek, Sumitomo, Asahi Kasei, Kuraray.
The pmma light guide plate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PMMA Light Guide Plate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PMMA Light Guide Plate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PMMA Light Guide Plate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PMMA Light Guide Plate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PMMA Light Guide Plate Market Size & Forecast, 2020-2028
4.5.1 PMMA Light Guide Plate Market Size and Y-o-Y Growth
4.5.2 PMMA Light Guide Plate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Incident Light from both Sides
5.2.2 Incident Light from One Side
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 <30 Inch TV
6.2.2 30-50 Inch TV
6.2.3 50-80 Inch TV
6.2.4 >80 Inch TV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PMMA Light Guide Plate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PMMA Light Guide Plate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Incident Light from both Sides
9.6.2 Incident Light from One Side
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 <30 Inch TV
9.10.2 30-50 Inch TV
9.10.3 50-80 Inch TV
9.10.4 >80 Inch TV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Incident Light from both Sides
10.6.2 Incident Light from One Side
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 <30 Inch TV
10.10.2 30-50 Inch TV
10.10.3 50-80 Inch TV
10.10.4 >80 Inch TV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Incident Light from both Sides
11.6.2 Incident Light from One Side
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 <30 Inch TV
11.10.2 30-50 Inch TV
11.10.3 50-80 Inch TV
11.10.4 >80 Inch TV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Incident Light from both Sides
12.6.2 Incident Light from One Side
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 <30 Inch TV
12.10.2 30-50 Inch TV
12.10.3 50-80 Inch TV
12.10.4 >80 Inch TV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Incident Light from both Sides
13.6.2 Incident Light from One Side
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 <30 Inch TV
13.10.2 30-50 Inch TV
13.10.3 50-80 Inch TV
13.10.4 >80 Inch TV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PMMA Light Guide Plate Market: Competitive Dashboard
14.2 Global PMMA Light Guide Plate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chimei Corporation
14.3.2 Darwin
14.3.3 Mitsubishi Chemical Holdings
14.3.4 Fengsheng Opto-electronics
14.3.5 Yongtek
14.3.6 Sumitomo
14.3.7 Asahi Kasei
14.3.8 Kuraray
